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Panic is not a strategy, Jim Cramer reminded his Mad Money viewers Thursday. As some investors fret over the price of oil and the solvency of European banks, smart investors should be using the weakness to buy, buy, buy.
Sure, oil prices are the lowest they've been since 2003, and that will certainly mean more pain ahead for the oil patch and any banks that lent money to the oil patch. But investing, at least for those of us who aren't hedge fund managers or futures traders, is about buying the stocks of companies we like at prices we love, and there was a lot to love today.
Cramer recommended buying Walt Disney (DIS - Get Report) on yesterday's weakness and that stock is already up a quick $4 a share from its lows. Then here's Procter & Gamble (PG - Get Report) , a stock with a 3.3% yield that Cramer said investors can't afford NOT to buy at these levels.
Cramer also gave the nod to Cisco (CSCO - Get Report) , a stock he owns for his charitable trust, Action Alerts PLUS, which posted better-than-expected earnings and boosted its dividend to 4.25%. He also reiterated a buy on McDonald's (MCD - Get Report) and Johnson & Johnson (JNJ - Get Report) .
Executive Decision: Emil Brolick
For his "Executive Decision" segment, Cramer sat down with Emil Brolick, president and CEO, and Todd Penegor, executive vice president and CFO of Wendy's (WEN) , which delivered a 1-cent-a-share earnings beat on a 4.8% rise in same-store sales with a solid outlook for the rest of 2016.
Brolick touted Wendy's new vegetarian black bean sandwich as an example of his company's new "deliciously different" strategy. The sandwich, which is currently being tested, could roll out nationally soon. Brolick said Wendy's will be doing a big digital and social advertising push when it does.
Penegor focused on the fact that Wendy's has been offering fresh ingredients and letting customers decide how they want their items for over 46 years. He said Wendy's is making big investments in technology to bring even more choices with things like mobile ordering and payments.
When asked about the economy, Brolick noted that with gasoline less than half of what it costs just a few years ago, consumers definitely have more money in their pockets for Wendy's.